Finance Tools
Federal Student Loan Calculator
Estimate federal student loan payments using loan type presets, APR, origination fee, and term.
Estimate monthly payments for a federal student loan. Select a loan type, adjust the APR and origination fee (defaults are typical and editable), and see payment and interest totals.
How to use this federal student loan calculator
- Select the federal loan type (Direct, Grad PLUS, or Parent PLUS).
- Enter your loan amount (principal).
- Confirm or adjust the APR and origination fee (defaults are typical and editable).
- Enter the repayment term (years) and calculate your monthly payment and totals.
Example
If you plan to borrow $25,000 as a Direct loan over 10 years, this tool can estimate:
- Monthly payment on the financed amount (principal + fee)
- Total repaid over the term
- Total interest paid
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